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Need a little help here. I seem to have lost 0.64₿. I transferred ~0.002₿ from my main address to a secondary address. [Here's the transaction](https://mempool.space/tx/ac2ffac61b53b89b630388f6d186972d1b735477af22763a1c6c7f3073427fe8?showFlow=true). Funds sent fine, which I think created this [UTXO](https://mempool.space/address/3LW4jcMcvPM4GW9FhR92gC65k5cowwTjqt). But it looks to me like a secondary transaction was immediately (exact same timestamp) generated, moving 0.64₿, as [evident here](https://mempool.space/address/3QHS28oThXqnAbYuA3KcBShYroFc3XrDU1). I'm confused by the second transaction, and I can't locate the funds.
there is NOT lithium, even for cars. That is common knowledge. So thinking there would be enough to go all electric with cars as well as somehow store a countries overproduction? No, that’s impossible. US uses 4 trillion kWh a year. So that comes down to about 11 billion kWh a day on average, so 11.000 Gigawatt/hour. You’d need 1100 of those 10GW batteries to store 1 hour worth of energy.
Yes, that’s one article for one company in one country, I assure you 10 GW isn’t nothing you clown, go learn something about the grid. There are other battery technologies and yes there is enough lithium to met the demand for electric cars, new deposits are being found all the time. The fact you can’t even see this as evidence speaks to you lack of understanding so goodbye and enjoy being ignorant to the fact you regurgitate lies from others and are not even smart enough to get that they are lies
If you had actually read that article you’d know that it is A: only a 10GW capacity and B: Uses lithium ion batteries, and lithium is a extremely scarce resources and not enough of it exists to even make a electric car for everyone, let alone make enough batteries to store the entire worlds overproduction of energy. So no, you did not present any compelling evidence to your case.
> should we shut down BTC? The better question would ask why BTC mining (not Bitcoin) needs to burn 15GW 24/366. Bitcoin mining is designed to regulate Bitcoin block timing to a 10-minute average. Bitcoin works well if the blocks arrive with an average interval close to 10 minutes. Bitcoin mining can provide this delay by burning a few MW, or as little as 30kW Bitcoin mining is not Bitcoin. They are separate things. Bitcoin needs mining. Bitcoin does not need miners to burn several GW all day and night
**GW:** What exactly do these Bitcoins look like? **ME:** Well, they're not physical. **GW:** Are they a religious concept? Perhaps a metaphor for being wealthy in spirit? **ME:** No, it's not...okay...let me try again: they aren't something you can hold. They exist digitally, like in computers. **GW:** Then take them out of the computers. What do they look like then? **ME:** No, they...\*sighs\*...okay, think of them existing on the Internet. **GW:** If you can gather them in a net, they must be made of physical matter. **ME:** No, you're misunderstanding me. I...\*long sigh\*... can I talk to Hamilton about this? He might get it. **GW:** This conversation is less tolerable than the Intolerable Acts. And I thought Valley Forge was rough...
Don’t make the mistake of applying who you see boomers as to everyone from history. They could choose to learn about things but they don’t. It’s a choice they make. Some do - many don’t. They choose not to be open minded. They choose not to learn and grow. That’s not true everyone from history and I have a hard time believing that GW would ever be like today’s boomers in that regard.
The purpose of Bitcoin mining is to serve the decentralized Bitcoin node network by delaying blocks by 10 minutes (average). Bitcoin mining continues forever, even when miners are no longer minting new coins Bitcoin doesn't care how much energy miners use. That issue is external to Bitcoin. Whether the miners are burning 11GW 24/7 or 11MW, Bitcoin adds 6 blocks per hour to its blockchain
Bitcoin doesn't use energy. Bitcoin miners use energy. Mining does not secure the network. Nodes secure the network Bitcoin doesn't care how much energy miners use. Bitcoin only wants 1 block per 10 minutes (average). This can be done with 100kW or 10GW Your "concern" can be directed to charging higher electricity prices for Bitcoin mining
True. I haven't had a great president in my life since GW2.
[Bitcoin is very volatile](https://youtu.be/gz7IPTf1uts?si=taE47GW0ifDUXjqw)
What have you done!? I've watched the TED twice now! GW mentions the super-linear and sub-linear forms of the power law, which I assume is whether m is > or < 1 in the following: log ( y ) = m * log ( x ) + c He also states that the super-linear forms relate to networks. Bitcoin is a network. Your work indicates m = 5.82, so super super-linear. While this is a power-law the super-linear is exponential (in colloquial terms) and according to GW will therefore reach some cathartic point, where either collapse or innovation will happen!
Also that is 8GW of power, which is going to take some infra to get online, plus cooling requirements, which will probably take another 2GW. Were talking a whole large power station, enough to supply a 2 millions home city. A 3Kw miner is basically a water heater, 24/7. Your going to spend many billions just getting the infra to run these, for comparatively little benefit.
Methane miners installed on landfills in the USA have the capacity to offset 15 GW of energy every hour. Run full time, that would offset the entire bitcoin network (~150 TW) many times over. That makes bitcoin mining one the most environmentally friendly technology in the world, and that’s only one branch of harnessing sequestered energy. Comparing bitcoins current carbon footprint to that of traditional finance is a worthless comparison when you understand how revolutionary bitcoin will be in the coming years in fighting for a healthier environment.
terminology nitpick: > 7.1 gigawatts per hour watts is already (energy / time), it doesn't really make sense to talk about watts per hour (unless maybe we were talking about a derivative i.e. an increase over time of power usage) So using your estimate of 2M miners, "500 EH/s requires power of 7.1 GW" would be the proper way to say it. OP asked for this in "kwh per second" which again is kind of a weird thing but understandable due to how electricity is typically sold / priced. To convert a power in watts to "kwh per second", we can use the conversion factor that 1 kwh / s = 3.6 MW, so a power of 7.1 GW is the same as (7.1 GW / 3.6 MW) kwh / s = roughly 2000 kwh / s (corresponding to what you called "two megawatts per second": more properly described as "two megawatt-hours per second")
> Just wondering is there's any solution The people who pretend to care about Bitcoin mining energy consumption can get their governments to add a surcharge to the price of electricity paid by Bitcoin miners A Bitcoin transaction uses no energy. Bitcoin doesn't care if the miners use 12GW 24/7 or 12kW
> how do you think it can be resolved? The governments and other activists complaining about Bitcoin energy use can solve the problem easily. Increase the price of electricity used by Bitcoin miners. Add a surcharge just big enough to make Bitcoin mining harmless Bitcoin doesn't need miners to consume 12GW 24/7. Bitcoin works equally well if miners use 12kW Bitcoin mining doesn't use water. Don't believe things written by professional liars
If you pay someone to burn coal, how are you recused from that responsibility? You're enabling the producer by paying them. The Bitcoin industry encourages expansion of all energy production, not just clean production. If margins are high, miners burn as much energy as is available. If they have access to 100 GW of clean and 400 GW of dirty, and it's all within their margin, they'll buy it all.
Secure based on what metric? The amount of $'s it'd take to usurp it? It'd take about $5b, 8.8GW, and $15m/day.
Minor nitpick: it becomes more difficult with higher hashrate, but only if the cost for hashrate remains constant. In other words, I think security proportional for the cost to obtain "a significant portion of the total" hashrate, as well as operational costs to deploy and run it. If you figure 500 EH/s (>50%), and that Bitmain likely produces S21s for around $10 / TH/s (they sell them for $20) -- that's around $5b in costs to get sufficient hardware. Then they'd need to energize 2,500,000 machines, each drawing 3.5kw of energy... or about 8.8 GW of power. Obtaining that amount of energy is quite expensive. Although, running it all is relatively inexpensive. At $0.02 / kwhr, it's only $15m / day.
It would be cheaper to acquire 4GW of electricity generation capacity and offer it to existing miners for free, if they agree to participate in the fraud
> 8GWh The ccaf site you linked quotes GW GW and GWh are not the same thing It's illogical to write "8GWh of sustained work"